Certain Adjustments Must Be Made to Alternative Minimum Taxable Income

question 83

Multiple Choice

Certain adjustments must be made to alternative minimum taxable income (AMTI) to arrive at adjusted current earnings (ACE) .Which one of the following adjustments increases AMTI to arrive at ACE?

• A)federal income taxes paid
• B)the 80% dividends-received deduction
• C)gain realized on the installment sale of noninventory property
• D)excess of capital losses over capital gains

---

Definitions:

Anxiety Disorders

A group of mental health disorders characterized by significant fear and anxiety that impair social, occupational, or other important areas of functioning.

Stress

Any circumstances that threaten or are perceived to threaten one’s well-being and thereby tax one’s coping abilities.

Preparedness

The state of being ready and well-prepared for specific situations or events.

Ego Comparison History

Referring to an individual's history of comparing their self-image or achievements to those of others, potentially impacting self-esteem and behavior.